
Shree Hanuman Sugar Files FY26 Results with Audit Qualification Impact
Shree Hanuman Sugar & Industries Ltd has submitted its audited financial results for the period ended March 31, 2026, along with a statement detailing the impact of audit qualifications. The independent auditor's report highlights several significant issues, including non-compliance with TDS provisions, Ind AS 19 for employee benefits, and a complete absence of depreciation on fixed assets since 2014. Additionally, interest expenses on borrowings and advances have not been provided, and balances for borrowings, payables, and other current assets/liabilities could not be confirmed due to reconciliation issues and pending disputes. The company also faces uncertainty regarding impairment of fixed assets due to inoperative status since 2012-13 and lack of physical verification. The auditor notes that operating results may be overstated or understated due to these issues.
Key Highlights
- Financial results for FY26 submitted with qualified audit opinion.
- Significant non-compliance issues include TDS, Ind AS 19, and no depreciation since 2014.
- Unconfirmed balances for borrowings, payables, and advances due to disputes.
- Impairment of fixed assets and stores & spares could not be assessed.
- Operating results may be overstated/understated due to audit findings.
Price Impact
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